Table 3-9 Summary of the Gains from Trade Without Trade Production and Consumption With Trade Production Trade Consumption. Gains from Trade Pitchers of Lemonade 200 400 Alice Gives 191 a e Pizzas 100 0 Gets 112 b f Pitchers of Lemonades 180 0 Betty Gets 192 С g Pizzas 180 300 Gives 110 d h Refer to Table 3-9. The values in the table represent the amounts of lemonade and pizzas that Alice and Betty can produce in one week without and with specialization and trade. What are Alice and Betty's gains from specialization and trade?
Table 3-9 Summary of the Gains from Trade Without Trade Production and Consumption With Trade Production Trade Consumption. Gains from Trade Pitchers of Lemonade 200 400 Alice Gives 191 a e Pizzas 100 0 Gets 112 b f Pitchers of Lemonades 180 0 Betty Gets 192 С g Pizzas 180 300 Gives 110 d h Refer to Table 3-9. The values in the table represent the amounts of lemonade and pizzas that Alice and Betty can produce in one week without and with specialization and trade. What are Alice and Betty's gains from specialization and trade?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 6SCQ: Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram...
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